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In the first month of the implementation of the Stablecoins Ordinance in Hong Kong, there were 77 expressions of interest (EOIs) as of August 31 in applying for stablecoin licenses, a spokesperson for the Hong Kong Monetary Authority (HKMA) disclosed. These entities include banks, technology companies, securities/ asset manageme...
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BOC HONG KONG (02388.HK) logged a net profit of HKD22.152 billion in 1H25, representing a YoY hike of 10.5%, way above UBS's estimates, UBS research report wrote. The better-than-expected results were attributed to robust NII and strong other non-interest income.UBS raised the target price from HKD36.5 to HKD37, and the rati...
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BOC HONG KONG (02388.HK) saw its operating profit for 2Q25 grow by 12% YoY to HKD13.7 billion, topping market and Goldman Sachs expectations by 22% and 24%, respectively, Goldman Sachs said in a research report. This growth was believed to be driven by an improvement in NIM, partially offset by miss in credit provisions. For 1H2...
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BOC HONG KONG (02388.HK)'s 1H25 earnings beat expectations on the back of trading gains, cost control, and NIM performance, though some trading gains may be reversed in 2H25, according to a report issued by HSBC Global Research.The broker praised BOC HONG KONG for its exposure to Hong Kong commercial real estate risks, which...
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9
According to JPMorgan's research report, BOC HONG KONG (02388.HK)'s 1H25 results, supported by robust growth in pre-tax operating profit, beat the broker's expectations but were generally in line with market expectations.The broker raised its earnings forecast for BOC HONG KONG by 20% to reflect more resilient profit...
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